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Investor Presentaiton

Internal growth Enhancing values of properties~ Achieving asset value improvement and increased rent by continuous value-up investments. Cumulative amount of revitalization investment with rent increase (Note 1) Large-scale renewal Major replacement of tenants in response to changes in the trade area Floor expanding Enhancing motivation to visit the store by increasing number of tenants ¥6.2 bn (as of Jul. 31, 2023) Cumulative amount of annual rent increased by revitalization investments (Note 2) (Unit: mm yen) competitiveness Strengthen property Maintain and improve property functions 480 460 Equipment renewal work Energy efficiency improvement by introducing the latest equipment Improvement of customer comfort Exterior wall construction 440 420 400 Floor replacement work 380 Improvement of property image through exterior renewal 360 Disaster prevention/ mitigation work Suppression and minimization of damage caused by earthquakes Early restoration of sales 340 ZEON 320 300 Exterior wall painting Jan. 2022 (18th FP) Jul. 2022 (19th FP) Jan.2023 (20th FP) ÆON REIT Investment Corporation Jul.2023 (21st FP) Jan.2024 (22nd FP) Forecast 31
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